Question: 1. Advise Pluto Ltd as to whether, under IFRS 10, it controls Sun Ltd and/or Saturn Ltd. Support your conclusion. 2. Would your conclusion be

1. Advise Pluto Ltd as to whether, under IFRS 10, it controls Sun Ltd and/or Saturn Ltd. Support your conclusion.

2. Would your conclusion be different if the remaining shares in Sun Ltd were owned by three institutional investors each holding 20%? If so, why?

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